Incredibly excited to announce the exit of Ascension's EIS 2018 investment in Monolith AI, fully returning the fund - our 15th exit since 2018.
CoreWeave (Nasdaq: CRWV), the acquirer, is a next-generation AI cloud infrastructure company — one of the hyperscalers driving the rollout of large-scale GPU compute globally. It's a fantastic strategic fit and a great outcome for all involved.
A huge thank-you to Emma Blackburn, who introduced Monolith to Ascension, a perfect example of the value our Venture Partners bring.